Saturday, November 14

Over 45 Companies Fail To Open Doors In Zimbabwe Tough Economic Environment

MORE than 20 companies failed to reopen after the festive season, leaving at least 500 workers in the lurch, businessdigest has learnt.

This comes at a time the economy is facing serious headwinds which include prolonged power cuts of up to 18 hours, depressed production at less than 40% capacity, fuel and foreign currency shortages and year-on-year inflation which has galloped past the 500% mark.

Zimbabwe Federation of Trade Unions (ZFTU) secretary-general Kenias Shamuyarira told businessdigest this week that 45 companies have failed to reopen their doors after the Christmas holidays as the deepening economic crisis takes its toll.

“We have quite a number of companies who have failed to reopen after the festive season. There are about 45 companies which have failed to reopen which in total employ more than 500 people. This is due to economic difficulties,” Shamuyarira said.

He said although some of them had closed shop, others are still sitting on the fence as they assess the situation on the ground particularly around power outages which have crippled the operations of most business entities.

Shamuyarira pointed out that most of the companies that have failed to reopen are from the manufacturing sector.Zimbabwe Congress of Trade Unions secretary-general Japhet Moyo said they are still in the process of collecting information on the number of companies that did not reopen their doors after the festive holidays.

However, he pointed out that, in a bid to cut on costs, companies have resorted to telling their employees to go on leave to reduce the number of leave days they have

In an interview, CEO Africa Roundtable chairperson Oswell Binha revealed that they are also in the process of gathering information on the number of companies that did not reopen after the Christmas holiday.

“The CEO Africa Roundtable is currently undertaking an evaluation of how many companies have failed to open shop by January 2020,” Binha said this week.

“Company operations affected to near-closure by the 18-hour load shedding, absence of key enablers, hyperinflation and low aggregate demand are increasing with some opting to institute care-and-maintenance to reduce operational costs.”

Economist Godfrey Kanyenze warned that more companies could be forced to close shop if there is no change to the turbulent economic environment.

“As long as there is no sign of any change for the better, the situation on the ground will not improve,” Kanyenze said.

“With fuel shortages and power outages getting worse, how do you get a positive vibe? Put yourself in the position of those companies who have to run their businesses with various equipment on generators. What is needed is a holistic approach that deals with the politics. The political bickering indicates that nothing has changed.”

Labour market analyst and former Employers’ Confederation of Zimbabwe (Emcoz) executive director John Mufukare said the failure by companies to reopen in the New Year signals worsening economic decline

“I am not in the least surprised by this development,” he said. “We are going from bad to worse and you do not need to be a rocket scientist to see that.”

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Personal Injury Lawyer Questions Before Hiring

After an accident, choosing a personal injury lawyer can feel overwhelming. You may be dealing with medical appointments, missed work, insurance calls, vehicle repairs, pain, and uncertainty about what happens next. A lawyer can help with claim strategy, evidence, deadlines, negotiations, and litigation, but not every attorney is the right fit for every case.

The first question is experience. Ask whether the attorney has handled cases similar to yours. A car accident case is different from a trucking accident, medical malpractice claim, workplace third-party claim, defective product case, or premises liability case. Similar case experience can help the lawyer understand evidence, expert witnesses, insurance tactics, and likely challenges.

Next, ask who will actually handle the file. In some firms, the lawyer you meet may not be the person managing daily communication. Paralegals, case managers, associates, and investigators may all be involved. That is normal, but you should know who your main contact will be and how often you will receive updates.

Fees are important. Many personal injury lawyers work on a contingency fee, meaning they are paid a percentage of the recovery if money is obtained. Ask what percentage applies, whether it changes if a lawsuit is filed, and how case expenses are handled. Expenses may include filing fees, medical records, depositions, expert witnesses, investigation, and trial exhibits. Ask whether expenses are deducted before or after the attorney fee and whether you owe expenses if there is no recovery.

Ask about the strength and weakness of your case. A trustworthy lawyer should not promise a guaranteed result. They should discuss liability, damages, insurance limits, prior injuries, medical documentation, comparative fault, witness issues, and possible defenses. If a lawyer only tells you what you want to hear, be cautious.

Evidence can determine the outcome of a claim. Ask what evidence should be gathered immediately. This may include accident reports, photographs, video footage, witness statements, medical records, employer wage records, vehicle data, inspection records, maintenance records, or property incident reports. Some evidence can disappear quickly, so early action matters.

Medical treatment is another key topic. Personal injury claims often depend on documented injuries, treatment consistency, diagnosis, prognosis, and how the injury affects daily life. Follow medical advice and keep records of appointments, prescriptions, therapy, restrictions, and out-of-pocket expenses. Do not exaggerate, but do not minimize symptoms either.

Ask how the attorney evaluates settlement offers. A settlement should consider medical bills, future care, lost income, reduced earning capacity, pain and suffering, property damage, permanent impairment, and other legally recognized damages. The exact rules vary by state and case type. The attorney should explain the factors, not just give a quick number.

Timeline is another area to discuss. Some claims settle in months, while others take much longer, especially if injuries are serious or liability is disputed. A lawyer may recommend waiting until you reach maximum medical improvement before settlement so future medical needs are clearer. Settling too early can be risky because you usually release claims permanently.

Communication expectations should be clear. Ask how quickly calls or emails are returned, whether the firm uses a client portal, and what updates you will receive. A good lawyer-client relationship requires trust, responsiveness, and organized documentation.

You should also ask whether the lawyer is prepared to file a lawsuit if necessary. Many cases settle, but the willingness and ability to litigate can affect negotiation leverage. Ask about trial experience, recent results, and how the firm prepares cases.

This article is general information, not legal advice. Personal injury laws, deadlines, damages, and fault rules vary by state. Speak with a licensed attorney in your jurisdiction to understand your rights. The best lawyer for your case is someone with relevant experience, clear communication, transparent fees, and a realistic plan for proving your claim.

Life Insurance Quotes for Families

Life Insurance Quotes: Protecting Your Family

Life insurance helps protect your family financially if you pass away. The money can help cover funeral costs, mortgage payments, debts, childcare, education, and income replacement.

When comparing life insurance quotes, most people choose between term life and whole life insurance.

Term Life Insurance

Term life insurance provides coverage for a set period, such as 10, 20, or 30 years. It is often more affordable and can be a good choice for families with children or a mortgage.

Whole Life Insurance

Whole life insurance is designed to last for life and may build cash value. It usually costs more than term life insurance but may be useful for long-term planning.

How Much Coverage You Need

Coverage needs depend on income, debts, dependents, and future expenses. Many families choose enough coverage to replace several years of income.

Conclusion

Comparing life insurance quotes can help you find affordable protection and choose the right policy for your family.